South America Security and Surveillance Radar Market

The main purpose of security and surveillance radar systems is to detect and locate hostile targets in military actions, as well as in commercial aviation. The application of radar is also used in military purposes, such as weather detection and navigation.

The South American security and surveillance radar market was estimated at $250.0 million in the year 2013, to grow at 7.2% annually. It is projected to reach $360.0 million by the end of 2018. The potential of civil security is not limited to defense, as companies are now spending on UAVs, civil helicopters, and multi-mission aircraft which are used for civil security air surveillance. Border and coastal security has now become the most important and significant field of investment to enhance the national security infrastructure.

The South American security and surveillance radar market can be segmented on the basis of platform and country. The platform segment is further classified into airborne and maritime surveillance radar, ground penetrating radar, coastal security radar, and weather and navigation radar. Among the application segment, the defense platform dominates the market with a high market value. Key players in Security and Surveillance Radar market include ATC Global, Northrop Grumman, Exelis, SAAB, Scanter, Rockwell Collins, Honeywell International, Thales Group, and Lockheed Martin.

The report on the South American security and surveillance radar market incorporates the factors that influence the country’s expenditure on radars. It provides detailed expectations of growth rates and projected total expenditure. It provides in-depth analysis of the present industry size and its growth prospect during the forecast period, including highlights of key growth stimulators. The Security and Surveillance Radar report further benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas. It provides a detailed analysis of the market for military and commercial surveillance and security radars in the period between 2014 and 2020.

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